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Listing provided courtesy of Essex 312, LLCMREDas Distributed by MLSGrid- MLS# 12618890MLS Provider

4140 N Western AvenueChicago, IL 60618

Multi-Family · 5 Beds
$629,900 Active

4140 N Western Avenue Overview

Time on Site:
76 days
Visits:
1

4140 N Western Avenue is a well-maintained two-flat with an additional non-conforming garden unit. The building offers strong stabilized cash flow and a value-add opportunity in the heart of North Center. The property features a desirable unit mix consisting of a 3 Bed / 2 Bath duplex-up, 2 Bed / 1 Bath, and a nonconforming 1 Bed / 1 Bath lower-level unit. The building benefits from separate utilities, updated mechanical systems, on-site laundry, and a functional layout well-suited for both investors and owner-occupants. All units are currently vacant, providing immediate flexibility to renovate. Located along Western Avenue near Horner Park, public transit, and the Lincoln Square and North Center retail corridors, the property offers exceptional accessibility, long-term rental demand, and neighborhood stability. The buyer must remedy the violation related to the garden unit. 4140 N Western presents a compelling opportunity to acquire a solid income-producing asset in one of Chicago's most sought-after North Side neighborhoods. building sold as-is

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4140 N Western Avenue Facts & Features

  • Type Multi-Family

Details

General

School Information

  • School District: 299
  • Elementary School: Coonley Elementary School
  • Middle Or Junior School: Coonley Elementary School
  • High School: Amundsen High School

Income/Expenses

  • Electric Expense: 500
  • Gross Income: 93600
  • Insurance Expense: 3000
  • Maintenance Expense: 1500
  • Net Operating Income: 69398
  • Water Sewer Expense: 1260

Building Information

  • New Construction: No
  • Year Built: 1899

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: CHI - North Center
  • Township: Jefferson

Community/Development

  • Community Features: Curbs, Sidewalks, Street Lights, Street Paved

Tax Information

  • Tax Annual Amount: $12,649.77
  • Tax Year: 2024

General Information

  • Ownership: Fee Simple
  • Parcel Number: 13134130380000
  • Property Type: Residential Income
  • Special Listing Conditions: None
  • Zoning: COMMR

Interior

Parking Information

  • Half Baths Building: 0
  • Garage Spaces: 2

Beds/Baths

  • Bathrooms Total: 4
  • Bedrooms Total: 5
  • Bedrooms Possible: 5
  • Full Baths Building: 4

General Information

  • Basement: Partially Finished, Exterior Entry, Full
  • Foundation Details: Brick/Mortar
  • Heating: Forced Air
  • Rooms Total: 20
  • Window Features: Screens

Exterior

Parking Information

  • Parking Features: Garage Door Opener, Yes, Garage Owned, Detached, Garage
  • Parking Total: 2

Lot Information

  • Additional Parcels: No
  • Lot Size Dimensions: 25X108
  • Water Source: Lake Michigan, Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Frame
  • Roof: Asphalt

General Information

  • Sewer: Public Sewer

Unit Information

Unit 1 Details

  • Unit Type: Unit 1
  • Actual Rent: 2200
  • Beds Total: 2
  • Baths Total: 1

Unit 2 Details

  • Unit Type: Unit 2
  • Actual Rent: 3800
  • Beds Total: 3
  • Baths Total: 2

4140 N Western Avenue Neighborhood

Community

60618 (CHICAGO) Demographics

34
Median Age
18,700
Population Density (per sq. mile)
56%
College Educated
$85,443
Estimated Median Income
17,732
Estimated Total Home Owners
18,219
Estimated Total Renters
49% / 51%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

4140 N Western Avenue Monthly Cost

$
$ %
%
$
$
Jim Luxem Jr
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

4140 N Western Avenue Market Data

Based on the last 30 days in this zip code

$936,559
Average List Price
$465
Average Price per Square Foot
66
Properties Sold
72
Average Days on Market
152
Properties for Sale
Calculations provided by Reliance Network

4140 N Western Avenue History

Date Event Value Agent
5/10/2026Source: MRED Status Change
Active
5/5/2026Source: MRED Status Change
Re-activated
5/2/2026Source: MRED Status Change
Contingent
4/19/2026Source: MRED Status Change
Active
4/14/2026Source: MRED Added to Database
April 14, 2026
6/20/2022Source: MRED Added to Database
January 27, 2022